Nuvei Corporation Announces Pricing of Initial Public Offering
MONTREAL, Sept. 16, 2020 (GLOBE NEWSWIRE) — Nuvei Corporation (“Nuvei” or the “Company”) announced today that it has obtained a receipt for its final base PREP prospectus filed with the securities regulatory authorities in each of the provinces and territories of Canada and has entered into an underwriting agreement in respect of its initial public offering consisting of a treasury offering by the Company and a secondary offering by certain funds managed by Novacap Management Inc. (the “Selling Shareholders”) of an aggregate of 26,923,077 subordinate voting shares of the Company at a price of US$26 per share, above the initial marketing range of US$20 to US$22 per share, for aggregate gross proceeds of US$700 million, with the Company and the Selling Shareholders receiving gross proceeds of US$625 million and US$75 million, respectively. The offering is expected to close on September 22, 2020, subject to customary closing conditions.
The Toronto Stock Exchange (the “TSX”) has conditionally approved the listing of Nuvei’s subordinate voting shares subject to fulfilling the customary listing requirements. The shares are expected to begin trading on the TSX on an “if, as and when issued basis” on September 17, 2020 in Canadian dollars under the symbol “NVEI” and in U.S. dollars under the symbol “NVEI.U”.
The offering is being made through a syndicate of underwriters led by Goldman Sachs Canada Inc., Credit Suisse Securities (Canada), Inc., BMO Capital Markets and RBC Capital Markets, as joint active bookrunners, and Citigroup …